scorecardresearchIncome Tax: Filing your ITR? Calculate your capital gains first

Income Tax: Filing your ITR? Calculate your capital gains first

Updated: 29 Jul 2022, 03:49 PM IST
TL;DR.
Calculating capital gains tax is possible only when you have understood what kinds of properties qualify as capital assets. Also, you must pay attention to the two-year gap between property purchase and sale before assessing if it is a long-term capital gain or a short-term capital gain.
To calculate capital gains tax, you must be aware of what terms like capital gains and capital assets mean.

To calculate capital gains tax, you must be aware of what terms like capital gains and capital assets mean.